Excerpts from Colter Corporation's Most Recent Balance Sheet Appear Below

question 47

Multiple Choice

Excerpts from Colter Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720. The working capital at the end of Year 2 is:

• A)$850
• B)$770
• C)$400
• D)$80

---

Definitions:

Clear and Present Danger

Clear and Present Danger refers to a doctrine or situation in which certain actions or words are considered harmful enough to outweigh the principle of free speech and justify legal action or censorship.

Pulled a Knife

The act of producing a knife as a threat or in preparation of using it, often implying aggression or self-defense.

Seclusion

The practice of isolating an individual, often in a psychiatric setting, to prevent harm to themselves or others, typically in a specially designed room.

Escalate Despite

The phenomenon where a situation or conflict becomes increasingly intense or severe even though there are attempts to control or resolve it.